July 24, 2016 12:02 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of United Photovoltaics Group Limited

Company Overview

United Photovoltaics Group Limited, an investment holding company, engages in the development, investment, operation, and management of solar power plants. As of 31 December 2015, the company owned 25 solar power plants with an aggregate installed capacity around 1GW across Shanxi, Hubei, Inner Mongolia, Qinghai, Gansu, Xinjiang, Jiangsu, Yunnan, and Guangdong. It is also involved in the possession of rights in developing rooftop solar plants; design and installation of solar power systems; and research and development of solar power products and solar technology. The company is headquartered in Central, Hong Kong.

Unit 1012, 10 Floor

West Tower

Shun Tak Centre

168–200 Connaught Road


Hong Kong

249 Employees


852 3112 8461


852 3112 8410

Key Executives for United Photovoltaics Group Limited

Chairman, Chief Executive Officer, Member of Nomination Committee and Member of Risk Control Committee
Age: 48
Total Annual Compensation: CNY1.9M
Executive President, Company Secretary and Executive Director
Age: 37
Total Annual Compensation: CNY332.0K
Chief Financial Officer, Executive Director and Member of Risk Control Committee
Age: 43
Total Annual Compensation: CNY332.0K
Executive Director and Chairman of Risk Control Committee
Age: 45
Compensation as of Fiscal Year 2015.

United Photovoltaics Group Limited Key Developments

United Photovoltaics Group Limited Announces Preliminary Group Operating Statistics for the Second Quarter and Six Months Ended June 30, 2016

United Photovoltaics Group Limited announced preliminary group operating statistics for the second quarter and six months ended June 30, 2016. For the quarter, the company's approximate electricity generation volume was 342,421 megawatt-hour (MWh) against 227,196 megawatt-hour (MWh) a year ago. For the six months, total electricity generation volume was 611,211 megawatt-hour (MWh).

United Photovoltaics Group Limited, Annual General Meeting, May 25, 2016

United Photovoltaics Group Limited, Annual General Meeting, May 25, 2016, at 15:00 China Standard Time. Location: 1407, 14/F West Tower, Shun Tak Centre, 168-200 Connaught Road Central Hong Kong Hong Kong Agenda: To receive and consider the audited consolidated financial statements of the company and its subsidiaries and the reports of the directors of the company and the auditors of the company for the year ended 31 December 2015; to consider the re-election of directors; to authorize the board of Directors to fix the Directors ' remuneration; to re-appoint PricewaterhouseCoopers as Auditors and to authorize the Board to fix their remuneration; to grant a general mandate to the directors to repurchase the company's shares; to grant a general mandate to the directors to issue, allot and otherwise deal with the company's shares; and to authorise the directors to allot, issue and deal with any shares repurchased pursuant to the general mandate granted by resolution 5(A) and to make or grant offers, agreements and option which might require.

United Photovoltaics Group Limited Auditor Raises 'Going Concern' Doubt

United Photovoltaics Group Limited filed its Annual on Apr 21, 2016 for the period ending Dec 31, 2015. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Recent Private Companies Transactions

Private Placement
December 18, 2015

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